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Demand for Recycled Paper Bags Is Set To Increase At A CAGR Of 4.5% By 2033

01-31-2023 10:33 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Fact.MR

Demand for Recycled Paper Bags Is Set To Increase At A CAGR Of 4.5%

According to Fact.MR's latest released report on recycled paper bags, the global market is set to be worth US$ 2.9 billion by the end of 2023 and is projected to expand at a CAGR of 5.5% between 2023 and 2033.

The rising trend of using eco-friendly products and not harming the environment is creating huge demand for recycled paper bags in the global market. Various industries are promoting the use of recycled paper bags in their packaging, both primary and secondary. Especially retail product packaging and food and beverage packaging are the prime demand creators for recycled paper bags.

๐ƒ๐จ๐ฐ๐ง๐ฅ๐จ๐š๐ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐‚๐จ๐ฉ๐ฒ ๐จ๐Ÿ ๐“๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ:- https://www.factmr.com/connectus/sample?flag=S&rep_id=6813?PJ

Different types of retail formats have been growing rapidly in the past few years and the trend is going to continue over the coming years as well. The rising number of single-person households and immigration of students across the world have led to a significant number of people who prefer ordering food from out rather than cooking at home. This has led to a rise in the demand for food packaging for transit till it is consumed, thereby benefiting recycled paper bag suppliers.

๐’๐จ๐ฆ๐ž ๐จ๐Ÿ ๐ญ๐ก๐ž ๐ฅ๐ž๐š๐๐ข๐ง๐  ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ ๐ข๐ง๐œ๐ฅ๐ฎ๐๐ž:

โ€ข Novolex
โ€ข WestRock Company
โ€ข International Paper Converters Ltd.
โ€ข Prime Time Packaging
โ€ข United Bags Inc.
โ€ข Luna Packaging LLC
โ€ข International Paper
โ€ข Icegreen
โ€ข Globak PAK Inc.
โ€ข Jet Paper Bags
โ€ข Daklapack group
โ€ข Sharper Bags
โ€ข Gulfeast Paper & Plastic Industries LLC

๐†๐ž๐ญ ๐‚๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐š๐ญ๐ข๐จ๐ง ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐Ÿ๐จ๐ซ ๐’๐ฉ๐ž๐œ๐ข๐Ÿ๐ข๐œ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก ๐’๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง๐ฌ: https://www.factmr.com/connectus/sample?flag=RC&rep_id=6813?PJ

Key Takeaways from Market Study

โ€ข By thickness, 1-ply recycled paper bags holds the largest market share of 41.3% in 2022.
โ€ข By bag type, demand for pasted open mouth bags is projected to grow at a CAGR of 6.3% during 2022-2032.
โ€ข Among the end users, demand from the commercial sector is projected to expand around 1.7X to reach US$ 3.6 Bn by 2032.
โ€ข North America accounts for 28.1% share of the global market in 2022 and is forecasted to reach US$ 1.4 billion by 2032.

"North America will be the largest consumer of recycled paper bags with growing demand from retail and food & beverage packaging industries," says a Fact.MR analyst.

๐Š๐ž๐ฒ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐

โ€ข By Bag Type :

โ€ข Sewn Open Mouth
โ€ข Pinched Bottom Open Mouth
โ€ข Pasted Valve
โ€ข Pasted Open Mouth
โ€ข Flat Bottom

โ€ข By Thickness :

โ€ข 1 Ply
โ€ข 2 Ply
โ€ข 3 Ply
โ€ข > 3 Ply

โ€ข By End User :

โ€ข Commercial

โ€ข Agriculture & Agriproduce Packaging
โ€ข Building & Construction Product Packaging
โ€ข Food & Beverage Packaging and Delivery
โ€ข Retail Product Packaging
โ€ข Chemical Packaging
โ€ข Others (Not Classified Elsewhere)

โ€ข Individual / Household

โ€ข By Region :

โ€ข North America
โ€ข Latin America
โ€ข Europe
โ€ข East Asia
โ€ข South-East Asia & Oceania
โ€ข Middle East & Africa

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the recycled paper bags market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on bag type (sewn open mouth, pinched bottom open mouth, pasted valve, pasted open mouth, flat bottom), thickness (1 ply, 2 ply, 3 ply, >3 ply), and end user (commercial (agriculture & agriproduce packaging, building & construction product packaging, food & beverage packaging and delivery, retail product packaging, chemical packaging, others), individual/household), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

๐…๐ฎ๐ฅ๐ฅ ๐€๐œ๐œ๐ž๐ฌ๐ฌ ๐จ๐Ÿ ๐ญ๐ก๐ข๐ฌ ๐‘๐ž๐ฉ๐จ๐ซ๐ญ ๐ˆ๐ฌ ๐€๐ฏ๐š๐ข๐ฅ๐š๐›๐ฅ๐ž ๐š๐ญ: https://www.factmr.com/checkout/6813

Fact.MR's Domain Knowledge in Chemicals & Materials Division

Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals team at Fact.MR helps clients from across the globe with their unique business intelligence needs.

With a repertoire of over a thousand reports and 1 Million-plus data points, the team has analyzed the chemicals industry across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.

๐‚๐ก๐ž๐œ๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ž ๐ซ๐ž๐ฅ๐š๐ญ๐ž๐ ๐ฌ๐ญ๐ฎ๐๐ข๐ž๐ฌ ๐ฉ๐ฎ๐›๐ฅ๐ข๐ฌ๐ก๐ž๐ ๐›๐ฒ ๐…๐š๐œ๐ญ.๐Œ๐‘ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก: https://www.prnewswire.com/news-releases/rising-adoption-of-bio-based-plastic-to-propel-oleochemicals-sales-past-us-48-61-bn-by-2032--301588694.html

US Sales Office:
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United States
Tel: +1 (628) 251-1583
E Mail : sales@factmr.com

About Fact.MR

We are a trusted research partner of 80% of fortune 1000 companies across the globe. We are consistently growing in the field of market research with more than 1000 reports published every year. The dedicated team of 400-plus analysts and consultants is committed to achieving the utmost level of our client's satisfaction.

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